Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h −0.008%

Price spread now: Nado against Aster+0.047%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.052%−$5 on $10k

Price spread, last 7 days−0.096%−$10 · spread now +0.047%, 7d avg −0.026%

Together, before fees−0.148%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Nado is 0.073% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.026%. Mind the row above: over the last 3 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CLUSD1	92.230	−0.0295	get 0.0148% / 4h	1m 08s	$23.9M	$77.5M	20x
Short	Nado WTI-PERP	92.273	−0.0130	pay 0.0016% / 1h	1m 08s	$925K	$734K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee NadobpOrdersPrice spread, now +0.047%Rate

Funding earned: $34.75
Price spread: +0.047% → −0.026%: $7.31
Slippage, 4 orders: −$3.95
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $23.11
Costs to cover: 0.189%
Break-even: 2.3 days

Slippage from Aster: live order book, 3 min ago; Nado: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 3 min ago	0.54 bp	4.8 bp −$5	6.0 bp −$60	doesn't fit	doesn't fit
Sell Nado live order book, 12 min ago	0.05 bp	3.7 bp −$4	8.2 bp −$82	28.6 bp −$2,863	doesn't fit

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.231	+0.001%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0322%	4h	92.225	−0.006%	$58K	$702K	25x	as long as short
Aster CLUSD1long	−0.0295%	4h	92.230	long leg	$23.9M	$77.5M	20x
Binance CLUSDT	−0.0219%	4h	92.220	−0.011%	$244.4M	$1.09B	100x	as long as short
Variational Omni CL	−0.0206%	4h	92.193	−0.041%	$13.2M	$12.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.230	0.000%	$96K	$189K	15x	as long as short
Nado WTI-PERPshort	−0.0130%	1h	92.273	+0.047%	$925K	$734K	10x
Lighter WTI	−0.0064%	1h	92.213	−0.018%	$11.2M	$10.9M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.210	−0.022%	$2.4M	$2.3M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0050%	1h	92.180	−0.054%	$3.5M	$6.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0035%	8h	92.140	−0.098%	$21.3M	$58.1M	100x	as long as short
Paradex CL-USD-PERP	−0.0032%	8h	92.186	−0.048%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0031%	1h	92.246	+0.017%	$186.1M	$267.3M	20x	as long as short
Pacifica CL	−0.0020%	1h	92.212	−0.019%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.269	+0.042%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.206	−0.026%	$26.0M	$94.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.210	−0.022%	$42.9M	$111.5M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.329	+0.107%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.196	−0.037%	$42.0M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.300	+0.076%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.212	−0.019%	$19K	$241K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.217%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.778	−0.490%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.260	+0.033%	$2.0M	$26.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.230	0.000%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.260	+0.033%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.219	−0.012%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.208	−0.024%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0085%	4h	92.266	+0.039%	$531K	$326K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.230	0.000%	$7.3M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.250	+0.022%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.186	−0.048%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.215	−0.016%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.34	+9.873%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.240	+0.011%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0493%	1h	92.256	+0.028%	$2K	$29K	5x	as long as short